Nuveen Asset Management LLC Has $1.97 Million Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Nuveen Asset Management LLC lessened its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,136 shares of the specialty retailer's stock after selling 275,600 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of ACM Research worth $1,965,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ACMR. Kerrisdale Advisers LLC grew its position in shares of ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in ACM Research by 2,258.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after purchasing an additional 1,406,968 shares during the period. Panview Capital Ltd bought a new stake in shares of ACM Research in the fourth quarter valued at approximately $20,758,000. Trexquant Investment LP lifted its position in ACM Research by 110.4% in the fourth quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after purchasing an additional 300,622 shares during the period. Finally, Norges Bank acquired a new position in ACM Research during the fourth quarter worth $4,379,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of research reports. JPMorgan Chase & Co. started coverage on ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective for the company. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.40.

Insiders Place Their Bets

In other news, Director Chenming Hu sold 163,308 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the sale, the director now directly owns 100,002 shares in the company, valued at $3,000,060. The trade was a 62.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David H. Wang sold 60,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total value of $1,357,800.00. Following the completion of the sale, the insider now owns 672,708 shares of the company's stock, valued at approximately $15,223,382.04. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 396,576 shares of company stock valued at $10,703,375. 25.00% of the stock is owned by insiders.

ACM Research Trading Up 4.6%

Shares of NASDAQ ACMR traded up $1.09 during mid-day trading on Friday, hitting $24.70. The stock had a trading volume of 1,556,930 shares, compared to its average volume of 1,478,449. The firm has a market cap of $1.45 billion, a P/E ratio of 18.71 and a beta of 1.48. The business has a 50 day moving average price of $21.37 and a two-hundred day moving average price of $20.83. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

ACM Research Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.